Deutsche Agents NGL Energy Operating Facility Increase
NGL Energy Operating, in its capacity as borrowers’ agent and a wholly-owned subsidiary of NGL Energy Partners, entered into a facility increase agreement with Deutsche Bank Trust Company Americas as administrative agent and collateral agent.
According to the company’s 8-K filing, the agreement increases the working capital revolving commitments under the NGL Energy Partners’ revolving credit facility by $50 million to $935.5 million.
NGL Energy Partners is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four primary businesses: water services, crude oil logistics, NGL logistics and retail propane.